Sold At The Top submits:
Today, the Federal Reserve released its monthly read of industrial production showing a tepid continuation of the production bounce that occurred primarily as a result of the “cash-for-clunkers” and "cash-for-home debtors" policies.
click to enlarge“Final product” consumer durable goods increased 1.51% on a month-to-month basis while remaining 3.17% below the level seen just one year ago.